You Can Use Your Personal Credit Card To Make Tax Deductible Business Purchases!

Do you ever worry that if the credit card you’re using to make business purchases isn’t in your business name that you won’t be allowed to take the deductions?

The good news is, that’s not the case—even if you have a separate entity!

This doesn’t mean you should mix personal and business expenses.

When you take a personal credit card and use it entirely for business expenses, you are essentially contributing this debt to your business.

You can use the card the same as if it was in the company’s name and deduct every business expense you purchase on it.

This can be a great strategy, just like with auto loans, when the company is new because it’s harder for new companies to get lines of credit without an established credit history.

So if you’ve got a personal credit card available for business expenses, feel free to use that card and benefit from all of the rewards!

To learn more please call 1954-324-0803 or book an appointment at https://calendly.com/markjohnsontaxplanner/45min